Corporate Restructuring : Lessons from Experience

In the wake of the periodic financial crises of the late 1990s, the international financial institutions and many experts have recognized the need for a strategy to avoid and mitigate the severity of crises in the corporate sector. Addressing this...

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Bibliographic Details
Main Authors: Pomerleano, Michael, Shaw, William
Language:English
en_US
Published: Washington, DC: World Bank 2012
Subjects:
Online Access:http://documents.worldbank.org/curated/en/2005/04/6432038/corporate-restructuring-lessons-experience
http://hdl.handle.net/10986/7373
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Summary:In the wake of the periodic financial crises of the late 1990s, the international financial institutions and many experts have recognized the need for a strategy to avoid and mitigate the severity of crises in the corporate sector. Addressing this problem requires the complementary efforts of policymakers, regulators, lawyers, insolvency experts, corporate restructuring specialists, and financiers. What are the roots of corporate distress? Can systemic corporate crises be predicted? What is the role of legal frameworks in preventing and coping with a crisis? What are the most effective financial techniques for dealing with distressed corporate organizations? This volume takes a multidisciplinary perspective on corporate restructuring, and examines international experiences in dealing with corporate crises.